Uptown Duplex with
4909-11 Dryades Street New Orleans, LA 70115
4909-11 Dryades Street, New Orleans, LA, 70115
$525,000
Pending
For Sale
$525,000
Pending
Two 2BR/1BA units feature tall ceilings and hardwood floors, each with separate utilities and a covered backyard patio.
Property Size1,875 SF
Days on Market51
Property Features for 4909-11 Dryades Street
General Information
- Standard status
- Pending
- Size
- 1,875 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1926
Listing agency
REMAX N.O. Properties
(504) 250-9448
Listed by
Whitney Gagnon · License #995681231
(504) 250-9448
Source
Compass
Added: Jun 3 Updated: Jul 22 at 4:28AM Checked: Jul 22 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX N.O. Properties
Investment Insights
Based on property information with market context.
This uptown duplex offers two 2BR/1BA residences with tall ceilings, hardwood floors, and an updated shotgun-style floor plan. The property has separate electric, gas, and water meters, providing independent utility service for each unit.
The home is located two blocks off St. Charles Avenue in Uptown New Orleans, with proximity to French Truck Coffee, the St. Charles streetcar line, universities, restaurants, and the Mardi Gras parade route.
Outside, the duplex includes a spacious backyard with a covered patio and entertaining area, adding practical outdoor space for residents or future tenants.
The home is located two blocks off St. Charles Avenue in Uptown New Orleans, with proximity to French Truck Coffee, the St. Charles streetcar line, universities, restaurants, and the Mardi Gras parade route.
Outside, the duplex includes a spacious backyard with a covered patio and entertaining area, adding practical outdoor space for residents or future tenants.
Key Highlights
- Uptown double with two 2BR/1BA units and 4 total bedrooms, 2 full bathrooms
- Each unit has tall ceilings and hardwood floors with an updated shotgun‑style floor plan
- Separate electric, gas, and water meters for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $13.44 |
| − Vacancy | −$2.2k | −$1.16 |
| EGI | $23.0k | $12.28 |
| − OpEx | −$6.9k | −$3.68 |
| NOI | $16.1k | $8.60 |
1,875 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$494.7K
$432.9K – $577.1K
NOI $34,628 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2BR/1BA units feature tall ceilings and hardwood floors, each with separate utilities and a covered backyard patio.
Where is this duplex located?
The property is located at 4909-11 Dryades Street New Orleans, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Uptown double with two 2BR/1BA units and 4 total bedrooms, 2 full bathrooms; Each unit has tall ceilings and hardwood floors with an updated shotgun‑style floor plan; Separate electric, gas, and water meters for each unit
